You are viewing a single comment's thread from:

RE: Rubio states how he paid off his student loans. Media mocks him for it

in #politics3 years ago

An amazing and informative response. Thank you for that.

I think that for anyone that doesn't have their political bias blinders on (which unfortunately a lot of people do) this move to "eliminate debt" is purely a political move to try to win over young voters in November. It could end up working to some degree to score some votes, but younger voters are notorious for not showing up in very good numbers anyway. There could be a backlash from people who paid their student loans already and now feel as though they are being required to pay for other people's as well. This demographic likely votes in much greater numbers so this is a double-edged and dangerous sword for them to wield for purely political vote-buying methods. It could backfire is what I am trying to say even though the media is working overtime to try to paint it in a positive light.

Simple economic understanding would tell a person right away that there is no such thing as "debt elimination" but rather, just a transfer of the debt to another entity. It is alarming to me the amount of people that think that there is just a magic wand that "poof!" the debt just goes away! That's dream-land stuff man.

Unless it is a conservative website, nobody is even mentioning the stuff you posted above and they never will because if they did post objectively people would look at this and realize that it is not a good idea at all.

Anyway, the original point of the article I wrote was to highlight that the leftist media is already using this to target higher profile conservatives even though if they were to look at Democrats, they would find out that exactly the same thing that happened with Rubio, happened with people that have a (D) next to their name as well.

Sort:  

I agree…Rubio, Republicans and Democrats…write books, give luncheon speeches, etc…to accumulate wealth and pay off debt. I'm under the firm belief that people are people, no matter what their political affiliation is, politics seems to muddy the water of that reality, but people are the same. Philosophies may differ a little bit, but whenever it's faced with reality, pretty much everybody's on the same page, even if they don't say so on TV :)

I also agree about voting demographics, as people get older, they vote more. The federal budget is a classic example of this, that's why Social Security and Medicare persist…don't piss off the older voters :)

Yep, debt isn't eliminated, it is either transformed into less income (accounts receivable), lower asset prices (debt asset values), or other types of debt (debt swaps). I like Warren Buffett’s philosophy on free money…”nothing sedates rationality like large doses of effortless money.” This debt relief is not going to help Americans. And the politics of this is just going to make it worse.